The Bahamas Reverse VAT Calculator allows you to calculate the cost of a product after deducting VAT. So, if you enter a product price of $100.00 and select a VAT rate of 12% you will see the Net Price ($89.29 in this reverse VAT example) and the VAT amount ($10.71 in this reverse VAT example).
If you are looking to add VAT to your product for VAT inclusive sales rates in Bahamas then please use the Bahamas VAT Calculator here.
|What would you like to do?|
|*** Please enter a value for the product or service ***|
|=||Total Price inc. VAT|
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The Bahamas Reverse VAT Calculator is useful for calculating the net price of goods, services and products which are subject to VAT (Value Added Tax) in Bahamas. This is useful for calculating how much VAT is applied on a certain product and for retailers to see how much VAT they must allow for when calculating the sales price of goods. The calculator allows quick reverse VAT calculations and more detailed reverse VAT calculations with multiple items, product/service descriptions with a running total so you can see the VAT due on each product/service and the total VAT due in Bahamas in 2023. Once you have calculated the VAT due, you can print the document or email the VAT document to yourself for later reference.
Value Added Tax in Bahamas is calculated using the following VAT formula:
The table below specifies the relevent VAT rates applicable in Bahamas, these were last updated in line with the published VAT rates in 2023.
|VAT Rate||VAT Description|
You can view the calculator inline or full screen. The inline view displays the calculator surrounded by the normal menus and links to other tools and supporting information. The full screen view removes or the unnecessary information so you can focus solely on using the Bahamas Reverse VAT Calculator. The following step-by-step guides to calculating VAT online with the Bahamas Reverse VAT Calculator covers all the functions within the Reverse VAT calculator:
The Bahamas Reverse VAT Calculator will provide a table which specifies the product/service price, the product/service VAT amount due and the total cost of the product or service in Bahamas. You can print/email this table as required.
Bahamas Reverse VAT Calculator will add your product/service to the Bahamas VAT Table. You can then add more product and/or services as required. Each time you add new information, the total amount will be updated so you can see the total costs of goods, products and services in Bahamas inclusive and exclusive or VAT.
If you make a mistake or simply want to remove an entry from the Bahamas Reverse VAT Table, click on the "Del" button adjacent the line entry that you wish to remove. When items are removed from the VAT table, the calculator will automatically update the associated figures and recalculate VAT, total cost of goods etc.
Please note that the Bahamas Reverse VAT Calculator is designed to allow you to toggle between quick and Detailed calculations without losing any data that you add to the Detailed VAT Table. This is useful if you need to check the individual VAT amount on one unit (a single product or service) before adding it to the list of items in the VAT table.
If you found this information about Reverse VAT in Bahamas useful and liked our free online Reverse VAT calculator for Bahamas then you will probably find the following calculators and supporting Bahamas income tax rates and thresholds useful.